Circuit City to close stores, sell merchandise
January 16, 2009 2:40 PM
Henrico County electronics retailer Circuit City Stores Inc. announced Friday that it is seeking permission to shutter its 567 stores and sell of its merchandise, affecting more than 30,000 employees.
Albemarle employer lays off about 50 workers
January 16, 2009 11:45 AM
Albemarle County-based GE Fanuc Intelligent Platforms has laid off about 50 employees, according to The Daily Progress.
Navy recommends carrier move to Florida
January 15, 2009 11:50 AM
The Navy officially recommended Wednesday that an aircraft carrier be moved from Norfolk Naval Station to Mayport Naval Station in Florida. Virginia’s congressional delegation believes the move could cost the state up to 11,000 jobs.
Kaine unveils proposals to spur ‘green job’ growth
January 12, 2009 3:44 PM
Gov. Timothy M. Kaine announced Monday his proposal to spur the growth of “green jobs” in Virginia through a series of grants and tax credits
Lynchburg company related to peanut butter recall
January 12, 2009 11:50 AM
A Lynchburg-based company produced the peanut butter that tested positive for salmonella bacteria, according to the Associated Press.
Chandler leaving LandAmerica
January 09, 2009 6:41 PM
LandAmerica Chairman and CEO Theodore Chandler will step down from his roles at the Henrico County title insurer on Jan. 15, just a few weeks after the company sold most of its business units.
Genworth Financial lays off 400 works in Richmond, 230 in Lynchburg
January 09, 2009 5:04 PM
Genworth Financial laid off more than 600 Virginia workers this week, according to the Richmond Times-Dispatch.
Freddie Mac reports record low for mortgage rates
January 09, 2009 11:35 AM
McLean-based Freddie Mac reported this week that mortgage rates have fallen to their lowest levels since the mortgage finance company started tracking rates in 1971.
Transportation secretary approves Dulles project
January 08, 2009 10:29 AM
U.S. Transportation Secretary Mary Peters has approved spending $900 million in federal money to extend Metrorail to Tysons Corner and on to Dulles International Airport.